Tudor Investment Corp ET AL decreased its position in AMC Networks Inc. (NASDAQ:AMCX) by 8.3% during the first quarter, Holdings Channel reports. The fund owned 9,976 shares of the company’s stock after selling 904 shares during the period. Tudor Investment Corp ET AL’s holdings in AMC Networks were worth $585,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in AMCX. Oppenheimer Asset Management Inc. purchased a new stake in AMC Networks during the first quarter worth $194,000. World Asset Management Inc purchased a new stake in AMC Networks during the first quarter worth $232,000. Wrapmanager Inc. purchased a new stake in AMC Networks during the first quarter worth $233,000. Greenwood Capital Associates LLC increased its stake in AMC Networks by 4.4% in the first quarter. Greenwood Capital Associates LLC now owns 3,987 shares of the company’s stock worth $234,000 after buying an additional 167 shares during the last quarter. Finally, Teza Capital Management LLC purchased a new stake in AMC Networks during the first quarter worth $243,000. Institutional investors own 81.66% of the company’s stock.
Shares of AMC Networks Inc. (NASDAQ:AMCX) opened at 54.08 on Monday. AMC Networks Inc. has a one year low of $46.17 and a one year high of $67.61. The firm has a market cap of $3.60 billion, a P/E ratio of 13.14 and a beta of 1.03. The firm has a 50 day moving average price of $54.01 and a 200-day moving average price of $56.17.
AMC Networks (NASDAQ:AMCX) last released its earnings results on Thursday, May 4th. The company reported $2.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.10. The business had revenue of $720.19 million for the quarter, compared to analysts’ expectations of $720.15 million. AMC Networks had a return on equity of 502.40% and a net margin of 10.59%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 earnings per share. Analysts forecast that AMC Networks Inc. will post $6.40 earnings per share for the current year.
A number of equities research analysts recently commented on AMCX shares. Moffett Nathanson reiterated a “sell” rating on shares of AMC Networks in a report on Friday, June 9th. Zacks Investment Research downgraded AMC Networks from a “buy” rating to a “hold” rating in a report on Friday, March 31st. BidaskClub upgraded AMC Networks from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Piper Jaffray Companies downgraded AMC Networks from an “overweight” rating to a “neutral” rating in a report on Monday, April 10th. Finally, Guggenheim restated a “buy” rating and issued a $70.00 price target on shares of AMC Networks in a report on Tuesday, March 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $63.23.
About AMC Networks
AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.
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